Thursday, October 25, 2018

Name is on deed not mortgage, what happens when he passes away?

My name is on the house deed along with my father's. Its just us two. I'm wondering what happens when he passes. I'm not on the mortgage, just the deed. From what I've researched, this means I own half the house? So what does that mean for the lender? Does that mean Id be forced to sell the property? Or can I rent it out and continue the same monthly mortgage payments? Would I need to be on the actual mortgage with my dad in order to rent it out?

Read more: https://allmortgage.net/forum/name-is-on-deed-not-mortgage-what-happens-when-he.html